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September 21, 2019

Natural gas exports exceed $3.3bn last FY

Shwe Yee Htun-1 Well about 30 miles off Ngwesaung Beach, Pathein.  Photo: Supplied by Ministry of electricity Energy
Shwe Yee Htun-1 Well about 30 miles off Ngwesaung Beach, Pathein.  Photo: Supplied by Ministry of electricity Energy

Although gas production through the Yetagun, Zawtika and Yadana projects has declined, natural gas exports during the 2017-2018 fiscal year (FY) was worth some US$3.37 billion, according to the commerce ministry.
Gas production from Yetagun, Zawtiga and Yadana gas projects, whose pipelines extend to Thailand, are declining, according to the announcement made last year by the Ministry of Electricity and Power.
Natural gas was extracted from the Yedagon gas field in Taninthayi offshore in 2000, with a daily production of some 330 million cubic feet for export. However, production declined to 250 million cubic feet in 2017.
Additionally, gas from the Zawtika project located in the Gulf of Moattama started to be exported to Thailand in 2014, with its production being 279 million cubic feet for Thailand and 64 million cubic feet for local consumption.
According to an announcement made in June last year by the Ministry of Electricity and Power, it produces 200 million cubic feet for export and 80 million cubic feet for local consumption.
According to the 2014 statistics, the daily production from the Yadana natural gas field totalled 910 million cubic metres, 711 million cubic metres of which were exported to Thailand and the remaining kept for domestic consumption. Nevertheless, with the gas field maturing and production declining, some 800 million cubic feet are currently produced per day, according to the announcement made in 2017 by the electricity and power ministry.
Some 450 million cubic feet is exported daily to China from the Shwe natural gas field discovered in Rakhine offshore in 2014, while some 100 million cubic feet is used for local consumption.
In the export sector, natural gas and agricultural products individually made up 25 per cent; cut-make-pack garments accounted for 16 per cent, minerals for eight per cent, fisheries for five per cent and forest, animal products and other products for 21 per cent. – Ko Khant

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